The future of financials Friday, August 1, 2008
Posted by ei-forum in Investing.trackback
More and more market observers are starting to compare what is happening to the financials to the faith of tech stocks in 2000-2002.
If this is true, investors should not be betting on such a quick recovery of the sector.
The Bespoke Investment Group (here), has compiled the following data that shows what the discussion is all about.
Maybe, investors should be prepared to accept that the financials will indeed recover but that we will not go back to the levels we experienced in the past.
This would not be the first time one particular sector has experienced a bubble…
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